A Start-Up Aiming to Make Geothermal Energy Mainstream Goes Public
NYT > Business·May 13, 2026
Fervo Energy, a start-up focused on geothermal energy, has gone public after raising $1.9 billion in an initial public offering. The company utilizes drilling techniques commonly used in the oil and gas industry to generate power from the earth's heat. By leveraging these techniques, Fervo Energy aims to make geothermal energy a more mainstream and viable source of power. The company's successful IPO marks a significant step towards achieving its goal of expanding geothermal energy production.
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